Earnings Per Share

3 Months Ended

Jun. 27, 2015

10. Earnings (loss) per share for the Quarters Ended June 27, 2015 and June 28, 2014 are as follows:

		F I R S T Q U A R T E R
		Fiscal	Fiscal
(Thousands except per share amounts)		2016	2015

Basic

Net earnings (loss)	$	2,968	$	(107)
Deduct preferred stock dividends paid		6		6

Undistributed earnings (loss)		2,962		(113)
Earnings (loss) attributable to participating preferred		37		(3)

Earnings (loss) attributable to common shareholders	$	2,925	$	(110)

Weighted average common shares outstanding		9,888		10,801

Basic earnings (loss) per common share	$	0.30	$	(0.01)

Diluted

Earnings (loss) attributable to common shareholders	$	2,925	$	(110)
Add dividends on convertible preferred stock		5		5

Earnings (loss) attributable to common stock on a diluted basis	$	2,930	$	(105)

Weighted average common shares outstanding-basic		9,888		10,801

Additional shares issued related to the equity compensation plan		5		5

Additional shares to be issued under full conversion of preferred stock		67		67

Total shares for diluted		9,960		10,873

Diluted earnings (loss) per common share	$	0.29	$	(0.01)